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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST

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To: umbro who wrote (22487)10/22/1998 4:36:00 PM
From: umbro  Read Replies (1) of 164684
 
AMZN options report for 10/22/98
AMZN price: 115.188
Options Study for: NOV
put break-even: 96.97 OI = 5996 VOL = 1701
call break-even: 124.26 OI = 10855 VOL = 1273
max. pain: 99.93 R = 0.6 R = 1.3
Options Study for: DEC
put break-even: 96.80 OI = 310 VOL = 62
call break-even: 131.58 OI = 206 VOL = 148
max. pain: 110.05 R = 1.5 R = 0.4
Options Study for: JAN
put break-even: 90.76 OI = 5429 VOL = 75
call break-even: 133.59 OI = 7022 VOL = 178
max. pain: 99.93 R = 0.8 R = 0.4
Options Study for: APR
put break-even: 87.45 OI = 1139 VOL = 22
call break-even: 140.87 OI = 1658 VOL = 25
max. pain: 110.05 R = 0.7 R = 0.9
net long/short: 0.69 mil.
i.v. for NOV = 0.83
i.v. for JAN = 0.88
i.v. for APR = 0.89

Implieds seem to have stabilized in the 83 area, down substantially
from the 120 readings last week (on the Bert & WMT news). The
further out mounths are more expensive. The at-the-money Nov. 115
straddle breaks even at roughly 136 on the upside and 94 on the
downside. The "best buy" Nov. call is the out-of-the-money
Nov. 130c, trading for $4.56 with an implied of 73. The
"best buy" Nov. put is the Nov 120p, trading for $13.75, with
a premium of about $8.

The put/call ratio picture is mixed. I wouldn't get real serious
about going short as long the implied vols. continue to drop.
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